The property at 800 Nichols Blvd. delivered in 1980. The new owner plans a $5 million renovation to upgrade exteriors, common areas and interior finishes. MGPG is also rebranding the asset as Reflections at the Marina.

“This property represents a great fit for our Reno/Sparks portfolio, and allows us to reposition an asset in an improving, dynamic market with forecast employment growth exceeding 6,500 jobs in the industrial park alone,” said MGPG’s Christian Garner.